Bank Oversight Operations- Associate

Morgan Stanley • Baltimore, MD

74d • $51,000 - $83,000

About The Position

We're seeking someone to join our team as a Associate in Wealth Management Operations on the Morgan Stanley Bank Operations Oversight team to support documentation, measurement, analysis, and mitigation of operational risk for the US Banks. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Professional position at the Associate level within Risk, Regulatory & Resilience, which performs various independent functions to ensure adequate controls are in place. We do this by providing an integrated risk and control framework to govern, assess, mitigate and manage financial and operational risk in Operations. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.

Requirements

• Ability to lead by example, work with drive and determination, and put forward challenging views to senior levels
• Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
• Ability to operate independently across the majority of day-to-day responsibilities
• Culture carrier across Operations, embracing the Firm's core values and acting as a role model
• Ability to identify key control points within a process, and then provide assessment of the preventative and detective controls
• Ability to meet tight deadlines and has an execution-focused approach
• Experience in risk management related to daily processing, escalation of issues and proposed resolution
• Understanding of U.S. banking industry and key regulations applicable to Morgan Stanley businesses
• At least 5 years’ relevant experience would generally be expected to find the skills required for this role

Responsibilities

• Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes
• Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues
• Coordinate work, train and develop other team members where required, including task allocation, and project contribution
• Produce key Operations reporting to Senior Management of MSBNA and MSPBNA. Identify, collate, and report KRIs/KPIs to measure operational bank business risk
• Serve as day to day operational support via oversight and central point of escalation for Operations areas supporting the U.S. Bank Entities
• Work with various product areas to establish the correct booking and support structure for products affecting the U.S. Bank Entities
• Oversee and implement U.S. bank regulatory initiatives as they apply to Operations
• Work with Bank Management on strategic initiatives including expansion of the Bank into new product offerings and cost optimization planning

Benefits

• Medical
• Prescription Drug
• Dental
• Vision
• Health Savings Account
• Dependent Day Care Savings Account
• Life Insurance
• Disability and Other Insurance Plans
• Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
• 10 Paid Holidays
• 401(k)
• Short/Long Term Disability

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees